Financials
- Financial year
- 2025
- Total assets
- €227,422
- Profit
- €15,267
- Solvency
- 61.6%
Turnover▲ 9.8%
Net result
20212024
SANITHERM
ActiveSummary
The computed 12-month bankruptcy probability of SANITHERM is 2.1% (moderate). The 2025 annual accounts show equity of €140,014 and a net result of €15,267. Equity is growing by about 20% per year across the filed financial years. Its solvency ranks better than 70% of 9,302 sector peers (NACE 41, financial year 2025). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
General construction of residential buildings
NACE 41001
1 site
Size
€227,422total assets 2025
- Equity
- €140,014
- Profit
- €15,267
Structure
2025 accounts filed 28 days late1 deed in the Belgian Official Gazette
Why 54raises riskSector: Construction of residential and non-residential buildings (NACE 41)Founded in 2020Size: total assets €227,422lowers riskEquity €140,014 (61.6% of total assets)Show the evidence
Checked score
Score 2025
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 59% of its sector peers (NACE 41, micro)
Financial strength · tick = 2024
Strong
Solvency
87-6
equity 61.6% of total assets
Liquidity
51+13
short-term debt 22.6% · cash 7.0%
Profitability
77+7
return on assets 6.7%
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 3.2%
12-2024: 3.1%▼ -0.1 percentage points vs 11-2024
01-2025: 3.1%● unchanged vs 12-2024
02-2025: 3.1%● unchanged vs 01-2025
03-2025: 3.1%● unchanged vs 02-2025
04-2025: 3.2%▲ +0.1 percentage points vs 03-2025
05-2025: 3.1%▼ -0.1 percentage points vs 04-2025
06-2025: 3.1%● unchanged vs 05-2025
07-2025: 3.3%▲ +0.2 percentage points vs 06-2025
08-2025: 3.4%▲ +0.1 percentage points vs 07-2025
09-2025: 3.5%▲ +0.1 percentage points vs 08-2025
10-2025: 3.6%▲ +0.1 percentage points vs 09-2025
11-2025: 4.1%▲ +0.5 percentage points vs 10-2025highest value
12-2025: 2.1%▼ -2.0 percentage points vs 11-2025
01-2026: 2.1%● unchanged vs 12-2025
02-2026: 2.1%● unchanged vs 01-2026
03-2026: 2.1%● unchanged vs 02-2026
04-2026: 2.1%● unchanged vs 03-2026
05-2026: 2.1%● unchanged vs 04-2026
06-2026: 1.7%▼ -0.4 percentage points vs 05-2026lowest value
07-2026: 1.9%▲ +0.2 percentage points vs 06-2026
08-2026: 1.8%▼ -0.1 percentage points vs 07-2026
09-2026: 1.8%● unchanged vs 08-2026
10-2026: 2.1%▲ +0.3 percentage points vs 09-2026
Credit of up to €7,000 on 30-day terms is acceptable
Liquidity ample (current ratio 3.24, compared with 2.95 in 2024, above the usual 1.5; short-term debt: 22.6% and cash: 7% of total assets), and 38.4% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro): better than 71% on solvency, 54% on liquidity, 56% on profitability and 57% on growth.
The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-11-2025, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filingsDeviation from the deadline
2025
28 days late
2024
3 days early
2023
on the day
2022
9 days late
2021
17 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 10 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 31-03-2026 is due by 31-10-2026. Nothing is late today. The company usually files around 9 November (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
31-03-2026 year end24-10-2026 today31-10-2026 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · full…
- Annual accounts filedfinancial year 2023 · full…
Key points
By topic
Timeline
- Events
- 6
- Since
- 2021
- Next accounts
- by 31-10-2026
- 31-03-2023Equity above €100,000
- 09-11-2022Annual accounts filed
- 17-11-2021Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- General construction of residential buildingsNACE 41001
- Founded
- 02-03-2020
- Year ends
- 31-03
- Peppol
- Reachable for e-invoices
Key facts about SANITHERM
- What is the company number of SANITHERM?
- 0744.643.957. In Belgium the VAT number is the company number with BE in front: BE 0744.643.957.
- Where is SANITHERM based?
- The registered office is at Steenvoordestraat 37, 1740 Ternat.Company details
- What does SANITHERM do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of SANITHERM?
- Private limited company (BV).
- When was SANITHERM founded?
- On 02-03-2020.
- Is SANITHERM still active?
- Yes, SANITHERM is an active enterprise in the KBO register.
- What is the turnover of SANITHERM?
- €409,714 in financial year 2024, according to the filed annual accounts.Financials
- Is SANITHERM profitable?
- In financial year 2025, SANITHERM made a profit of €15,267.
- Where can I find the annual accounts of SANITHERM?
- SANITHERM filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SANITHERM due?
- By 31-10-2026, for financial year 2026.Timeline
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